BRP Inc. (TSE:DOO) Receives C$72.23 Consensus Target Price from Analysts

Shares of BRP Inc. (TSE:DOO - Get Free Report) have received a consensus rating of "Hold" from the thirteen analysts that are currently covering the stock, MarketBeat reports. Ten equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$72.23.

A number of analysts have weighed in on DOO shares. TD Securities lowered their price target on BRP from C$70.00 to C$65.00 and set a "hold" rating on the stock in a research report on Thursday, March 27th. Stifel Nicolaus cut their price target on shares of BRP from C$78.00 to C$58.00 and set a "buy" rating for the company in a report on Thursday, March 27th. Raymond James decreased their price objective on shares of BRP from C$98.00 to C$65.00 in a research note on Thursday, March 27th. CIBC reduced their target price on BRP from C$82.00 to C$64.00 in a report on Thursday, March 27th. Finally, BMO Capital Markets dropped their price target on BRP from C$100.00 to C$70.00 in a report on Thursday, March 27th.

BRP Price Performance

Shares of BRP stock traded up C$0.51 during trading on Wednesday, hitting C$50.92. 199,022 shares of the company's stock traded hands, compared to its average volume of 188,065. BRP has a twelve month low of C$46.04 and a twelve month high of C$102.16. The company has a debt-to-equity ratio of 573.79, a current ratio of 1.37 and a quick ratio of 0.20. The company has a market cap of C$3.75 billion, a PE ratio of 19.19, a PEG ratio of 2.05 and a beta of 2.28. The firm's fifty day moving average price is C$55.68 and its 200 day moving average price is C$66.98.

BRP Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, April 18th will be issued a dividend of $0.215 per share. The ex-dividend date is Friday, April 4th. This represents a $0.86 dividend on an annualized basis and a yield of 1.69%. This is a boost from BRP's previous quarterly dividend of $0.21. BRP's dividend payout ratio (DPR) is 31.66%.

About BRP

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in the United States, Canada, Europe, the Asia Pacific, Mexico, Austria, and internationally. The Powersports segment offers year-round products, such as Can-Am all-terrain vehicles, side-by-side vehicles, and three-wheeled vehicles; and seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercrafts and pontoons, Rotax engines for karts and recreational aircraft, and Pinion gearboxes with smart shift systems.